US IPOs and Secondary Offerings, IPO Boutique

IPO Boutique

For more than 20 years, we have been providing research, analysis, commentary and ratings on US Equity Capital Markets to institutional investors (US IPOs and Secondary Offerings). Our vast network of contacts across the Equity Capital Markets and attention-to-detail sets us apart from our competitors.

Since 2012, we have achieved a successful hit rating on 89% of Buy-rated IPOs. The collective “Buy” ratings averaged a first trade of 16.3% above issue.Our Neutral Rated Deals averaged just 2% above the issue price at first trade.

Our written research includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

In addition, we provide a high-touch premium desk access which includes analyst access, as well as real time insights on US IPOs as well as secondary offerings.

US IPOs and Secondary Offerings

Navan Inc. (NAVN):AI-Powered Booking System Pushes Ahead with IPO Amidst Government Shutdown

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Navan Inc. (NAVN): Mispriced AI Travel Platform Stumbles in Debut

IPOs and Secondary Offerings

Equity Capital Markets

<ul>
<li>The company that describes itself as an end-to-end, AI-powered software platform filed for an IPO on September 19th.</li>
<li>Goldman Sachs, Citigroup, Jefferies, Mizuho, Morgan Stanley are the lead underwriters on the transaction. </li>
<li>Their revenue grew 30% period-over-period from $254 million for the six months ended July 31, 2024 to $329 million for the six months ended July 31, 2025.</li>
</ul>


The company that describes itself as an end-to-end, AI-powered software platform filed for an IPO on September 19th.
Goldman Sachs, Citigroup, Jefferies, Mizuho, Morgan Stanley are the lead underwriters on the transaction. 
Their revenue grew 30% period-over-period from $254 million for the six months ended July 31, 2024 to $329 million for the six months ended July 31, 2025.


Navan Inc. (NAVN): Peeking at the IPO Prospectus of an AI-Powered Booking System